Tax the Rich

There has been a sustained cry by the Obama administration to tax the rich. President Obama would like to tax dividends from investments at a 40% tax rate. So one earns the money and pays taxes. The money is invested, then is taxed again. Not good for our country. Not fair. Warren Buffet says he is taxed at a low rate than his secretary. She is taxed once. He has been taxed twice. It's deceptive. Certainly some tax should be paid, but not 40%.